Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March. Units Costs Beginning work in process inventory 2,000 Beginning work in process inventory Started 20,000 Direct materials $ 2,500 Ending work in process inventory 5,000 Conversion 6,360 $ 8,860 Status of ending work in process inventory Direct materials added 168,000 Materials—Percent complete 100 % Direct labor added 199,850 Conversion—Percent complete 35 % Overhead applied (140% of direct labor) 279,790 Total costs to account for $ 656,500 Ending work in process inventory $ 84,110 Prepare a process cost summary report for this company showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation. Use the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

Answers

Answer 1

Answer: kindly check attached picture

Explanation:

Production activities for MARCH:

Beginning work in process inventory = 2000

Units started in March = 20,000

Therefore, total units to account for :

(2,000 + 20,000) units = 22,000 units

Total units transferred out :

Total units to account for - Ending work in process:

(22,000 - 5,000) units = 17,000 units

Check attached picture for further explanation

Elliott Company Produces Large Quantities Of A Standardized Product. The Following Information Is Available

Related Questions

You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?



Financial Lit, please help!!

Answers

Answer:

The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.

How does finance and insurance affect in our global economy?

Answers

The ways that finance and insurance affect our global economy include:

Capital allocationRisk management

How can finance and insurance affect the economy ?

Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.

Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.

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A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. If the firm's opportunity cost of funds is 6 percent, determine the value of the firm: Instructions: Enter your responses rounded to one decimal place. a. The instant before it pays out current profits as dividends. $ million b. The instant after it pays out current profits as dividends. $ million

Answers

Answer:

A. $21,200,000

B. $20,800,000

Explanation:

A. Calculation to determine The instant before it pays out current profits as dividends

Value of the firm =[(Current profits) × (1 +Opportunity cost of funds)} ÷ (Opportunity cost of funds - Constant growth annual rate)

Let plug in the formula

Value of the firm= [($400,000) × (1 + 0.06)]÷ (0.06 - 0.04)

Value of the firm= [($400,000) × (1.06)]÷0.02

Value of the firm= $424,000 ÷ 0.02

Value of the firm= $21,200,000

Therefore The instant before it pays out current profits as dividends will be $21,200,000

B. Calculation to determine The instant after it pays out current profits as dividends

Using this formula

Value of the firm =[(Current profits) × (1 +Constant growth annual rate)} ÷ (Opportunity cost of funds - Constant growth annual rate)

Let plug in the formula

Value of the firm= [($400,000) × (1 + 0.04)] ÷ (0.06 - 0.04)

Value of the firm= [($400,000) × (1.04)] ÷ (0.06 - 0.04)

Value of the firm= $416,000 ÷ 0.02

Value of the firm= $20,800,000

Therefore The instant after it pays out current profits as dividends will be $20,800,000

if I make $2,000 a day how much is that monthly?​

Answers

Answer:

$60,000

Explanation:

If there is an average of 30 days in a month, then you would take $2,000 and multiply it by 30. So,

30 * 2,000 = 60,000

Thus, you would make around $60,000 monthly.

Hope this helps!! If you have questions please ask!

PLEASE HELP ASAP

An engineer has designed a valve that will regulate water pressure on an automobile engine. The valve was tested on 270 engines and the mean pressure was 6.0 pounds/square inch (psi). Assume the population standard deviation is 0.6. The engineer designed the valve such that it would produce a mean pressure of 6.1 psi. It is believed that the valve does not perform to the specifications. A level of significance of 0.05 will be used. Find the P-value of the test statistic. Round your answer to four decimal places.

Answers

Since the P-value is less than the significance level, = 0.05 , we reject the null hypothesis

Decision is reject H0

What is P-Value?

The P-value is a crucial metric of statistical significance utilized to measure the probability of obtaining a result equal to or more extreme than the observed one, provided that the null hypothesis is accurate.

If its value is lower than the predetermined level of significance (most commonly set at 0.05), then rejecting the null hypothesis is justified. The smaller the calculated P-value, the stronger the evidence against the null conjecture. Consequently, its ample usage in hypothesis testing has established it as an essential element in assessing the wordiness of research findings.

How to solve:

Given :

Sample size, n = 270

Sample mean,

= 6

Population standard deviation,

= 0.6

Population mean,

= 6.1

Significance level,

= 0.05

P-value : 0.0061

P-value with test statistic z= -2.74 is

Conclusion :

There is sufficient evidence to support the claim that the valve does not perform to the specifications

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Which franchise model do automobile dealerships usually follow?
(plato)

Answers

Automobile dealerships usually follow “product distribution franchises”

Product distribution franchises meaning: Distribution Franchise, these product-driven franchises are where the franchisee distributes the parent company products and some related services. The parent company provides the use of its branded trademark, but not typically an entire system for running a business.

A nonprofit organization typically collects it receivables in 25 days, and stretches its payables to 34
days. Assume a receivable and payable, each $15,000, are booked on the same day, and the
organization will immediately invest the funds when received. If the organization can invest at 7%, how
much interest will the organization earn before the payable due date? Assume 360-day year.

Answers

The interest payable by the company at the due date will be $7600 in the cash conversion cycle.

What is cash conversion cycle?

A measure of how long it takes a business to turn its inventory investments into cash is called the Cash Conversion Cycle (CCC). The conversion cycle formula calculates the number of days it takes a business to convert its inputs of resources into cash. The cash conversion cycle, sometimes referred to as the net operating cycle or cash cycle, gauges how long it takes a business to cash out its inventory. The cash cycle calculates how long it takes a business to turn each dollar of net input used in product manufacturing and sales into money that is deposited into their bank account.

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You are given the following particulars of a business having three departments: 963
Department
Purchases
Opening Stock
A
200 units
B
300 units
ISO units
71
1500 units
1000 units
2000 units
Additional Information:
1. Purchases were made at total cost of Rs.92,000.
2. The % of gross profit on turnover is the same in each case.
3. Purchases & Sales prices are constant for the last 2 years.
4. Selling price per unit:
A
Department
B
C
You are required to prepare Departmental Trading Account.
Closing Stock
100 units
160 units
200 units
Rs.
20
25
30

Answers

I’m pretty sure it’s a

Spreadsheet software would more commonly be used than accounting
software to
A. prepare and send invoices
B. conduct sorting and calculations
C. perform financial statement analysis
D. complete tax forms

Answers

Conduct sorting and calculations would be used in Spreadsheet software would more commonly  than accounting software to.

Spreadsheet software is specifically designed to perform calculations and sorting of data, making it a more appropriate tool for these tasks than accounting software.

Accounting software is better suited for tasks such as invoicing, financial statement analysis, and tax form preparation, which involve more complex financial transactions.

Accounting software is a type of software used by businesses to record and process financial transactions.

It provides an efficient and accurate way to manage the financial accounts of a business, including accounts payable, accounts receivable, payroll, and general ledger.

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what are downstream value chains​

Answers

Downstream value chains refer to the stages of production and distribution that occur after the manufacturing or production of a product. It involves the processes, activities, and entities that are responsible for delivering the final product to the end consumer.

Downstream value chains typically include activities such as marketing, sales, distribution, retailing, and customer service. These stages focus on adding value to the product, ensuring its availability to the target market, and meeting customer demands. It involves activities like packaging, branding, logistics, pricing, and after-sales support.

Efficient management of the downstream value chain is crucial for achieving customer satisfaction, market reach, and profitability. It involves coordinating with intermediaries, managing distribution channels, and implementing effective marketing strategies to promote and deliver the product to consumers.

By optimizing the downstream value chain, organizations can enhance their competitiveness, expand market share, and capture customer loyalty in the final stages of the product's journey from producer to consumer.

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#hi makenzie thomas this is the owner of Brainly we or taking away some of your coins because of the inappropriate language and offensive cheating you have been using

:Thank You

Answers

Answer:

girl yk you aint nobodies owner

Explanation:

The primary goal of market research by entrepreneurs is to:


a) Reduce costs
b) Analyze data
c) Make better decisions
d) None of the above

Answers

The primary goal of the market research by entrepreneurs is to make better decisions.

Market research is referred to as an activity which is undertaken by the entrepreneurs in order to get the required information which is thus about the needs and also the preferences of the consumer who are in their target market.

Market research allows companies in order to understand the demand as well as the viability of their product and in order to see how it might perform in the real world. Thus, market research tends to help the entrepreneur in finding out their rivals in the business.

Hence, option C is correct.

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April's credit card has a balance of $483.42, but the amount that she needs to pay to bring the
card to a $0 balance is $726.18 because she missed a payment. What is April's interest rate?

Answers

The interest rate for April is 50.29%.

What is Interest ?

In the fields of finance and economics, interest is the payment of a sum over and above the principal amount to a lender or depositor by a borrower or deposit-taking financial institution at a set rate.

It is not the same as a fee that the borrower might pay to the lender or another entity.

Given that April's credit card debt is $483.42 but that he needs to make a payment of $726.18, the interest rate for non-payment that he is subject to is as follows:

483.42 = 100

726.18 = X

((726.18 x 100) / 483.42) = X

= X

Consequently,

since 150.29 = 150.29 - 100 = 50.29 %

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True or false The fair Labor standards Act ( FLSA) requires that all employees receive time- and -half for work in excess of 40 hours in a week

Answers

Answer:

Yes, all. A non-exempt employee is eligible for overtime/compensatory time for hours in excess of 40 in a given week.

A problem statement in an analytical report is most effective when it is ________.

subtly introduced in the body of the report

written in a friendly tone

unambiguous and precisely defined

lengthy with detailed background and explanations

Answers

Answer:

subtly introduced in the body of the report

Explanation:

I hope it helps to you:-)

The most effective way to introduce a problem statement in an analytical report is in the report's body.  Thus option (A) is correct.

What is the statement?

Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give commands. They are also not utterances. Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give speech acts. They are also not exclamations.

A problem statement, in its most basic form, identifies the issue or impact you seek to address through your work. This assertion must be precise, short, and identify a quantifiable result. In research, a problem statement is a description of the problem that needs to be investigated. What issue is the research trying to solve

Therefore, Thus option (A) is correct

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Would you prefer to be a freelance worker or employed with a fixed
salary?

Answers

Employed with a fixed salary is more suitable because they have job security and a fixed amount of salary.

Why fixed salary job is good?

Employer-provided benefits, like as health insurance, 401(k) plans, sick days, and paid vacation time, are one of the main perks of full-time employment. These are all common benefits of staff positions, whereas independent contractors are left to fend for themselves in every way.

Contractors and freelancers work for themselves, whereas employees are employed by a firm. the quantity of customers. Contractors typically work with one customer at a time, whereas employees typically work for a single employer. Freelancers take on multiple clients at once.

Thus, Employed with a fixed salary is more suitable.

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For each statement about Direct Competition and Indirect Competition,
choose True or False.



Indirect Competition is a
business whose services are
different from yours but
satisfy the same need.


All Companies that sell
goods and services are
Indirect Competitors.


When your target audience
buys products from a
competitor instead from
you, that is Indirect
Competition.


Direct Competition is a
company that offers
the same thing you
offer.

1. True
2. False

For each statement about Direct Competition and Indirect Competition,choose True or False.Indirect Competition

Answers

Answer:

Explanation:

1) Indirect Competition is a business whose services are different from yours but satisfy the same need.

True

2) All Companies that sell goods and services are Indirect Competitors.

False

3) When your target audience buys products from a competitor instead from you, that is Indirect Competition.

False

4) Direct Competition is a company that offers the same thing you offer.

True


Please help in one minute will mark BRAINLIST

Please help in one minute will mark BRAINLIST

Answers

Answer:

A, B

Explanation:

Might be wrong, there is no guarantee

What is the benefit of having finacial security?​

Answers

Your family's financial security and independence from these limitations can both be achieved with the aid of a financial plan. You can save enough money with a solid financial strategy to pay for your monthly needs. When your company experiences increased sales, the financial plan can help you manage your finances.

What are the benefits of financial security?

Compared to most other things that money can buy, it really does bring more satisfaction over time. Financial stability has various advantages, including the removal of worry, fear, and anxiety and the replacement of such emotions with feelings of safety and relaxation.

Since most transactions in the real economy take place within the financial system, financial stability is essential for economic growth. When financial stability is absent or unstable, it is easiest to understand the genuine worth of that stability.

A person's mental health determines their level of peace of mind. Every individual on this earth needs money to survive, but if you exclusively rely on it, over time your health and intellect will suffer. The proper response is, "Yes, money is very important. Without money, people would starve to death."

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Here's the question:
You want to accumulate $1 million by your retirement date, which is 25 years from now. you will make 25 deposits in your bank, with the first occurring today. The bank pays 8% interest, compounded annually. You expect to receive annual raises at 3%, which will offset inflation, and you will let the amount you deposit each year also grow by 3% (i.e, your second deposit will be 3% greater than your first, the third will be 3% greater than the second, etc.) How much must your first deposit be if you are to meet your goal.

Both answers that I received are incorrect compared to the book. I'm trying to solve. this using excel functions. The first part is finding the PV using N = 25, I = 3%, FV=-$1,0
It's getting the payment from the PV that is the challenge.

Answers

$231,557.13 is the first deposit if you are to meet your goal. The total PMT value is  $17,289.38 if the interest rate is at 3% every year.

Time period = 25 years

Future value =  $1 million

Bank interest = 8%

To calculate the amount for the first month's deposit, the Present value is calculated as:

PV = \(FV / (1 + r)^n\)

PV = \(1000000 / (1 + 0.08)^{25}\)

PV = $231,557.13

To calculate the Future value of annual deposits at 3% per year

FV = \(PMT * [(1 + g)^n - 1] / g\)

$1,000,000 = \(PMT * [(1 + 0.03)^{25} - 1] / 0.03\)

PMT = $17,289.38

To make $1 million in 25 years, you must make 25 deposits of increasing amounts.

To calculate the amount using the PMT function in Excel:

Future value =PMT(0.08, 25, -231557.13, 0, 1.03)

Future value = $17,289.38

Therefore we can conclude that in both calculations, we got a payment amount of $17,289.38.

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Which of the following statements about income taxes is not correct?

Answers

The correct statement regarding the income tax is Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future. hence option C is correct

What is income tax?

A tax placed on people or organizations in relation to their income or profits is known as an income tax. Tax rates multiplied by taxable income are typically used to calculate income taxes. Tax rates might change depending on the taxpayer's attributes and source of income.

The complete part of the question is below:

A) Review Later Income tax expense includes both the amount of tax payable in the current period and the amount of tax due in future periods.

B)Income taxes are based on taxable income and not accounting income.

C)Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future.

D)Deferred taxes arise because of temporary differences between the tax base and the carrying amount of assets and liabilities on the balance sheet.

Hence option C is correct.

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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.

Answers

The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.

What is the selling price per pound for onions?

Total Cost = Quantity * Cost per pound

Total Cost = 1,000 pounds * $0.11/pound

Total Cost = $110

Spoilage Quantity = 3% of Quantity

Spoilage Quantity = 3% of 1,000 pounds

Spoilage Quantity = 0.03 * 1,000 pounds

Spoilage Quantity = 30 pounds

Effective Quantity = Quantity - Spoilage Quantity

Effective Quantity = 1,000 pounds - 30 pounds

Effective Quantity = 970 pounds

Makeup Rate = 180%

Selling Price per pound:

= (Total Cost * Makeup Rate) / Effective Quantity

= ($110 * 1.80) / 970 pounds

= $2.03505/pound.

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Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?.

Answers

The fiscal policy of a country can be determined by its spending and taxation decisions. In this case, the country is taking in $350 million in taxes each year, but is only spending $150 million on various services.

This suggests that the country is taking a fiscally conservative stance, which generally involves reducing government spending in order to balance the budget and decrease taxes. This type of fiscal policy is intended to keep government spending under control, while also leaving money for other government services and private investments. In addition, this type of fiscal policy can help to keep inflation low and maintain economic stability. By taking a fiscally conservative stance, this country is likely attempting to reduce its budget deficit while also giving citizens more money to invest in the private sector.

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Alejandro is journalist who thinks that a company is dumping its waste in a local river even though this goes against several regulations. Give two examples of sources that he could use to investigate this story.

Answers

Answer:

By consulting people around the area

Explanation:

consulting people who live there is a great chance of investigating about the issue

Answer:

he could ask people who live near the area if they've seen anything.

Explanation:

A company had net income in its current year of $80,000 and its average total equity was $640,000. What is the company's return on equity?

Answers

The company's return on equity would be 12.5%.

What is the return on equity?

The return on equity is a measure of a company's profitability in proportion to its equity. ROE may also be thought of as a return on assets minus liabilities because shareholder's equity can be computed by adding all assets and removing all liabilities.

The formula for the computation of return on equity is as:

Return on Equity = Net Income / Total Equity × 100 ..................(1)

Computation of company's return on equity:

According to the given information,

Net Income = $80,000

Total Equity =$640,000

Return on Equity = ?

Putting the given value in (1), the result would be:

Return on Equity = Net Income / Total Equity × 100

Return on Equity = $80,000/$640,000×100

Return on Equity = 12.5%

Therefore, return on equity is 12.5%.

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The Woodruff Corporation purchased a piece of equipment three years ago for $230,000. It has an asset depreciation range (ADR) midpoint of eight years. The old equipment can be sold for $90,000.
A new piece of equipment can be purchased for $320,000. It also has an ADR of eight years.
Assume the old and new equipment would provide the following operating gains (or losses) over the next six years:
New Equipment
Year 1: $80,000
Year 2 $76,000
Year 3: $70,000
Year 4: $60,000
Year 5: $50,000
Year 6: $45,000

Old Equipment
Year 1: $25,000
Year 2: $16,000
Year 3: $9,000
Year 4: $8,000
Year 5: $6,000
Year 6: $(7,000)
Question: The firm has a 25 percent tax rate and a 9 percent cost of capital. Should the new equipment be purchased to replace the old equipment? Explain your answer.

Answers

The firm has a 25 percent charge rate and a 9 percent cost of capital the new hardware be bought to supplant the old gear Thus The old hardware can be sold for $90,000.

In financial matters, capital merchandise or capital are "those sturdy delivered merchandise that are thusly utilized as useful contributions for additional creation" of products and services. At the macroeconomic level, "the country's capital stock incorporates structures, gear, programming, and inventories during a given year.

A common model is the hardware utilized in processing plants. Capital can be expanded by the utilization of the elements of creation, which anyway rejects specific tough merchandise like homes and individual vehicles that are not utilized in that frame of mind of saleable labor and products.

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rdan Corporation expects to incur indirect overhead costs of $172,550 per month and direct manufacturing costs of $18 per unit. The expected production activity for the first four months of the year are as follows. January February March April Estimated production in units 5,300 7,300 4,800 6,400 Required Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. Allocate overhead costs to each month using the overhead rate computed in Requirement a. Calculate the total cost per unit for each month using the overhead allocated in Requirement b.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Total estimated overhead costs= (172,550*4)= $690,200

Total estimated units= 23,800

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 690,200 / 23,800

Predetermined manufacturing overhead rate= $29 per unit

Now, we can allocate overhead to each month:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

January= 29*5,300= $153,700

February= 7,300*29= $211,700

March= 29*4,800= $139,200

April= 29*6,400= $185,600

Finally, the unitary total cost:

Unitary cost= 18 + 29= $47

Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. what is the hurdle rate? With Explanation

Answers

If Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. The hurdle rate is 9%.

How to find hurdle rate?

First step is to find the investment turnover using this formula

Investment turnover=Sales/invested capital

Investment turnover = ($14,000 / $400,000) × 2

Investment turnover = 0.035 × 2

Investment turnover =0.07

Second step is to find the hurdle rate using this formula

Hurdle rate = ROI - Investment turnover

Hurdle rate = 0.16 - 0.07

Hurdle rate = 0.09× 100

Hurdle rate = 9%

Therefore the hurdle rate is 9%.

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Please answer the following questions: 1) Do goods that have secondary packaging influence your purchasing decisions? Why/why not? ​

Answers

Yes. Goods that have secondary packaging influence my purchasing decision because it shows that the product quality is good.

What is aggregate demand?

Answers

Explanation:

Aggregate demend simply means a measurement of the total amount of demend for all finished good, and services produced on an economy. Also, aggregate demand is expressed as the total amount of money exchanged for goods ad services.

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